Dubai FDI Updates UK Businesses and Investors on Investment OpportunitiesSource: www.export-egypt.com 10/9/2016, Location: Middle East |
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A delegation from the Dubai Investment Development Agency has recently discussed new opportunities and changing business landscape in the emirate with select investor groups, law firms and consultants in the United Kingdom.
Officials from Dubai FDI, an agency of the Department of Economic Development in Dubai, along with partners specialising in company formation, interacted with senior business executives and investors across a series of meetings in London. Legal and policy reforms as well as initiatives being implemented in Dubai to enhance competitiveness and the ease of doing business were the focus of the discussions. "Relations between the UAE and the UK have remained dynamic while also firmly rooted in history. Our ties extend to all spheres: people-to-people, government-to-government and business-to-business. Both countries are looking at a bilateral trade target of around AED120 billion for 2020 and the UAE’s ambitious push towards a knowledge economy now present unprecedented opportunities," said Fahad Al Gergawi, CEO of Dubai FDI who led the mission to UK. Trade between Dubai and the UK was worth AED29.7 billion in 2015 and the country is one of the top source countries for foreign direct investment into the UAE. Dubai FDI highlighted the ambitious infrastructure projects being launched as the city gears for the Expo 2020 Dubai as well as the emirate’s focus on innovative technologies and services across sectors such as healthcare, Islamic finance, clean energy, exports and SMEs during discussions with British investors. "Service efficiencies and sustainability are the guiding principles of development in Dubai as the city aims to be a knowledge-driven society of happy and creative people. Years ago Dubai launched a Green Economy Partnership to promote clean technology innovations. The Dubai Plan 2021 now emphasises on sustainability, innovation, competitiveness and happiness as the pathways to growth, which means cutting edge expertise across sectors will find the right platform in the city to grow further and expand," added Al Gergawi. A sector-specific briefing on setting up business in Dubai was conducted for members of the Middle East Association, MEA, by Dubai FDI along with its partners, The Links Group and The Business Year. Key firms from the British Centres of Business, a UK Government initiative and partner of Dubai FDI, also joined the briefing on travel and tourism, construction, healthcare, retail, education, renewables and sustainability sectors. Ibrahim Ahli, Director of Investment Promotion Division at Dubai FDI, said that the present level of Dubai-UK engagement is strong evidence of the importance of connectivity in competitiveness and foreign investment attraction. |
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